A new documentary is showcasing how Bitcoin, beyond its role as a digital money, played a crucial role in verifying Guatemala’s most recent presidential elections.
The documentary, entitled “Immutable Democracy,” delves into the innovative use of OpenTimestamps, a tool developed by Bitcoin Core developer Peter Todd, and implemented by Guatemalan tech startup Simple Proof.
OpenTimestamps utilizes cryptographic timestamps on the Bitcoin blockchain, ensuring the immutability of key documents related to the country’s elections. This approach, leveraging hash functions and decentralized blockchain technology, provides a robust defense against fraud and tampering.
“The reason why Bitcoin is…
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